Our ARM can help you reach your homeownership goals
Here's how our 5/5 ARM works: Your interest rate is fixed for the first five years of your mortgage. After that, your rate adjusts, based on market conditions, once every five years. That's different from some common ARMs that adjust every year.
- As low as 3% down payment1
- Loans available up to $1.5 million
5/5 ARM (Adjustable Rate Mortgage)
Here's what a sample rate and payment look like with our 5/5 ARM.
Effective: 1/27/26
|
5/5 ARM (Purchase & Refinance) |
Interest Rate |
APR2 |
Term |
Monthly Principal and Interest |
Note |
Points |
|
Loans up to $1.5 million APR & payment based on $400,000 loan |
6.000% |
6.304% |
30 years |
$2,398.20 |
Rates subject to change daily. |
0 |
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Disclaimers
All loans are subject to credit approval and all First Financial Credit Union (FFCU) policies and procedures. Loan rates are based on credit history, collateral criteria, and term of loan and are subject to change without notice. Other restrictions apply.
13% down available for loan amounts up to $729,200 for qualified borrowers. Loan limits and other loan qualification criteria apply.
2APR=Annual Percentage rate. ARM = Adjustable Rate Mortgage. The “as low as” rate applies to the 5/5 ARM product. At a 6.000% initial interest rate, the APR for this loan type is 6.379% and is subject to increase. “5/5” means the initial APR and initial payment schedule will not change for the first 5 years, but your APR and/or payment schedule may change every 5 years thereafter. The initial APR is discounted and is not based on the Index and margin used to make later APR and payment adjustments. Representative Payment Example at Current Market Rates: For a $400,000 loan at an initial discounted interest rate of 6.000% and APR of 6.379%, the monthly payment schedule would be 60 payments of $2,398.20 followed by 300 payments of $2,870.01 at an interest rate of 7.990% (based on current market rates). This example assumes no change in the rate after the second 5-year adjustment period; however, the interest rate may change every 5 years based on changes in the Index; your payment can change every 5 years based on changes in the interest rate. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes, homeowner's insurance, flood and private mortgage insurance if applicable. Eligible properties are primary residence single-family homes and Planned Unit Development (PUD) properties.
2APR=Annual Percentage rate. ARM = Adjustable Rate Mortgage. The “as low as” rate applies to the 5/5 ARM product. At a 6.000% initial interest rate, the APR for this loan type is 6.379% and is subject to increase. “5/5” means the initial APR and initial payment schedule will not change for the first 5 years, but your APR and/or payment schedule may change every 5 years thereafter. The initial APR is discounted and is not based on the Index and margin used to make later APR and payment adjustments. Representative Payment Example at Current Market Rates: For a $400,000 loan at an initial discounted interest rate of 6.000% and APR of 6.379%, the monthly payment schedule would be 60 payments of $2,398.20 followed by 300 payments of $2,870.01 at an interest rate of 7.990% (based on current market rates). This example assumes no change in the rate after the second 5-year adjustment period; however, the interest rate may change every 5 years based on changes in the Index; your payment can change every 5 years based on changes in the interest rate. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes, homeowner's insurance, flood and private mortgage insurance if applicable. Eligible properties are primary residence single-family homes and Planned Unit Development (PUD) properties.
